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we are back with dan and mary and steve moore. mary, explain this seeming contridiction between slow growth and buoyant markets. >> first of all with respect to the markets, i would say that if you look at a chart of for example, if you go back to say april of 2011 until october of 2012, you arke basically flat. there has been a lot of churning up and down. the s&p 500 index was a lot higher. in the last few months we have seen a little pick up there. certainly from the end of -- from the beginning of this year you saw a run in the market. you don't have a great return if you are a long-term investor. >> okay. but if growth is still slow, and some people are still investing in p cs. the corporate balance sheet earnings have been pretty good. they have cleaned out a lot of the debt from the crisis. could we be poised here for faster growth going forward? >> i think one of the things that explains why the corporate sector is doing well is they have access to money at 0 interest rates. that's not true for the broader population and n
we are back with dan and mary and steve moore. mary, explain this seeming contridiction between slow growth and buoyant markets. >> first of all with respect to the markets, i would say that if you look at a chart of for example, if you go back to say april of 2011 until october of 2012, you arke basically flat. there has been a lot of churning up and down. the s&p 500 index was a lot higher. in the last few months we have seen a little pick up there. certainly from the end of -- from...
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steve, you wanted to get in there? >> yeah, let me be the bull here for a minute. we talk auld time about the energy sector and it's not just the energy sector, we've had a mini renaissance in manufacturing in this country, in transportation because of the fact the energy prices are falling and makes the american much more competitive at the margin. i think 2013 is going to see continued declines in energy prices. that's like a tax cut for the american consumer, paul. >> but, paul, the thing we haven't mentioned here is unemployment. we've had high unemployment for four years which means a lot of people out of jobs. we would need a tremendously bullish economy and i'm saying like 4%, to produce enough jobs, it would take a decade to get back to where we were before this recession. >> paul: right, sure, no question about it. >> we just need to do whatever we can to allow economic growth in this country. but declining energy prices are not necessarily good for energy production. because at some point, energy producers are going to say the price is too low and to miti
steve, you wanted to get in there? >> yeah, let me be the bull here for a minute. we talk auld time about the energy sector and it's not just the energy sector, we've had a mini renaissance in manufacturing in this country, in transportation because of the fact the energy prices are falling and makes the american much more competitive at the margin. i think 2013 is going to see continued declines in energy prices. that's like a tax cut for the american consumer, paul. >> but, paul,...
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Jan 1, 2013
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steve? >> i would think for republicans, the resolution should be to discipline themselves to see evening through the prism of 2014. and 2016. and in the context of the current discussions and congressional republicans that would mean don't go for the short-term hit or what feels good. look at the longer term hit. serious consequences and problems implementing obamacare. there are longer terrell thing that add up to benefit of republicans if they don't shoot themselveses in the foot for the short-term. try not to demagogue opponents at every step on every issue. >> bret: a.b.? >> i think that the republicans, think about the next two elections and the coition will to put together to be majority g.o.p.ing party a win back the white house. to that end they need to get out in front of the immigration and the gun control debate. we might stay on the cliff all year and never get to the two debates. the point if they want to win over more voters in the groups, the democrats won so well in november
steve? >> i would think for republicans, the resolution should be to discipline themselves to see evening through the prism of 2014. and 2016. and in the context of the current discussions and congressional republicans that would mean don't go for the short-term hit or what feels good. look at the longer term hit. serious consequences and problems implementing obamacare. there are longer terrell thing that add up to benefit of republicans if they don't shoot themselveses in the foot for...
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Dec 27, 2012
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adam: steve hayes, i will get to you in a second. jeffrey i want to follow up with what you just said. are you saying small business is entrepreneurs, all kinds of people already planned their strategy for 2013 based on spending cuts out of washington and very large tax increases out of washington? >> i think the heightened uncertainty about what the rules of the game are actually going to be next year has caused a decline or at least a slowing of capital investment. i think you see that in the data, in the third and fourth quarter and also in hiring. i think you're seeing maybe between one and two million fewer people hired in this recovery because of the heightened level of economic policy uncertainty coming out of washington. adam: steve hayes, i'm curious. we saw what happened in the market today. you had harry reid this morning saying we'll probably go over the cliff. we were down triple digits. then you had the announcement the house would reconvene. we almost rebounded. only closed down 18 points. where is all this going? i th
adam: steve hayes, i will get to you in a second. jeffrey i want to follow up with what you just said. are you saying small business is entrepreneurs, all kinds of people already planned their strategy for 2013 based on spending cuts out of washington and very large tax increases out of washington? >> i think the heightened uncertainty about what the rules of the game are actually going to be next year has caused a decline or at least a slowing of capital investment. i think you see that...
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adam: steve hayes, let me ask you and pick up where kim was just speaking the national federation of independent businesses estimate 75% of small business which we know is the powerhouse, the dynamo of job creation in this country, 75% count their taxes the way that it is called the pass-through or the flow-through. essentially they're the people who get caught by the income tax inease. so this deal that the republicans have agreed to, have ey sold out small business or is this the best they can get to protect small business? >> well, look, the deal is going to be a bad deal no matter what happens. it was always going to be a bad deal no matter what happens because the circumstances that led to the creation of the super-committee and failure and sequester. all this was going to be bad from the beginning but i think the idea of raising taxes right now, i'm not in favor of raising taxes anytime, raising taxes now when the economy is failing to sort of get off the ground is a terrible idea. of course it is going to hurt small businesses whether you set the threshold of 250,000 or 450,00
adam: steve hayes, let me ask you and pick up where kim was just speaking the national federation of independent businesses estimate 75% of small business which we know is the powerhouse, the dynamo of job creation in this country, 75% count their taxes the way that it is called the pass-through or the flow-through. essentially they're the people who get caught by the income tax inease. so this deal that the republicans have agreed to, have ey sold out small business or is this the best they...
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Dec 31, 2012
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steve harrigan live from miami with details. steve? >> reporter: jon, three weeks ago hugo chavez underwent his fourth operation in cuba for undisclosed form of cancer. according to venezuela ann officials he has respiratory infection. it is not clear how rapid his recovery will be. what is clear he made no public states or appearances in the past three weeks and things are serious enough where his own vice president had to travel from venezuela to cuba after meeting with chavez. after meeting with chavez the leader's health, was quote, a in a delicate situation. madero is hand-picked successor to chavez. interesting things could happen if chavez is not well enough to attend his own inauguration on january 10th. if he dies before the inauguration, venezuela will have to call all new presidential elections within three months. keep in mind it was back in october when chavez was reelected for another term. he told senz senz ann voters he was in fact cancer-free. jon? jon: hmmm. so interesting development there i wonder if he knew somethi
steve harrigan live from miami with details. steve? >> reporter: jon, three weeks ago hugo chavez underwent his fourth operation in cuba for undisclosed form of cancer. according to venezuela ann officials he has respiratory infection. it is not clear how rapid his recovery will be. what is clear he made no public states or appearances in the past three weeks and things are serious enough where his own vice president had to travel from venezuela to cuba after meeting with chavez. after...
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Jan 1, 2013
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steve? >> steve: let's switch gears. the new year is bringing if a new job for our next guest and an impresssive one to say the least. after nearly 25 years, of military service, he's about to receive the highest enlisted rank in the united states air force. senior master sergeant scott stoy joins us live. good morning to you. >> good morning. >> steve: what have you been doing in the air force all these years? >> for the first 12 years i worked as a aero ground space and then recruiting. i've gone through the gauntlet of being a recruiter and a flight chief and moved up to squadron level and now the superintendent of active duty recruiting for the state of new york. >> steve: that's awesome. it's good because when you go into the recruiting office and you want to talk to somebody who has been there and doesn't -- it's good to have a guy like you right there behind the desk. >> yes. all of our recruiters have experience. we don't allow recruiters to come right in as a recruit. they have have experience in the air force t
steve? >> steve: let's switch gears. the new year is bringing if a new job for our next guest and an impresssive one to say the least. after nearly 25 years, of military service, he's about to receive the highest enlisted rank in the united states air force. senior master sergeant scott stoy joins us live. good morning to you. >> good morning. >> steve: what have you been doing in the air force all these years? >> for the first 12 years i worked as a aero ground space...
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Dec 25, 2012
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they reached steve's roommate first. >> oh, the sky looks beautiful. >> steve is now counting the long minutes until they come back for him. >> he's right by that window. >> i think there was more aftershocks, and i could still hear the building settling. >> now the rescuers slice deeper into the building trying to free steve. and not the moment too soon. >> i had five fractured ribs and i had a collapsed lung and i had almost a quart of blood in my lung. later they told me i was probably within 20 to 30 minutes of drowning in my own blood. >> almost six hours after he was trapped under the rubble, steve is carried out of the building. >> i just remember seeing all these people. i mean, not anybody i knew. there were just people, cameras, i remember people taking pictures, people yelling. >> not long after steve's rescue, there's another reason to celebrate. this time at the mall. >> this is rescue 104, we need transport to the trauma center. >> after eight grueling hours of breaking up and removing debris from around the trapped man, they are able to lift salvador pena out of the hole
they reached steve's roommate first. >> oh, the sky looks beautiful. >> steve is now counting the long minutes until they come back for him. >> he's right by that window. >> i think there was more aftershocks, and i could still hear the building settling. >> now the rescuers slice deeper into the building trying to free steve. and not the moment too soon. >> i had five fractured ribs and i had a collapsed lung and i had almost a quart of blood in my lung....
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. >> >> steve: very nice. >> ho ho ho ho. >> steve: i'm going to get a stapler. >> ho ho ho. >> steve: thank you to bass pro. hottest toys for everybody. very nice. there you go, santa. >> everybody, ho ho ho. merry christmas. >> merry christmas. thanks for coming. >> brian: you only have one more chance to speak to our loved ones that have passed on. our audience will get the pass. we have psychic medium here live. >> that would be cool. >> another by billie ray cyrus. stick around. >> this season really isn't about the money and life. i hope you make it extra special with the priceless times you have with your family, your friends, the people that matter to you. if the market goes up or down, here is hoping regardless it's a priceless holiday for all of you. merry christmas. ♪ >> hi everybody, i'm bill hemmer. >> and i'm martha maccallum >> bill: and we want to wish you a merry christmas from america's newsroom, ho ho ho ho. >> alisyn: thanks bill and martha, very festive. christmas is all about family, friends and loved ones, so imagine if you could spend just one more christmas
. >> >> steve: very nice. >> ho ho ho ho. >> steve: i'm going to get a stapler. >> ho ho ho. >> steve: thank you to bass pro. hottest toys for everybody. very nice. there you go, santa. >> everybody, ho ho ho. merry christmas. >> merry christmas. thanks for coming. >> brian: you only have one more chance to speak to our loved ones that have passed on. our audience will get the pass. we have psychic medium here live. >> that would be...
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joining me now, senior economics writer or for "the wall street journal" steve moore. steve, thanks for making it in today. >> hi, jamie. we're having a white christmas in chicago. so it is a lot of fun. jamie: i know chicago, burr. the numbers are also pretty chilling for retailers who do what percentage of their business during the holiday season? >> you know, those months of november and december are absolutely crucial, jamie, for the retailers. about 40 to all their business all year is done in those two holiday months. so it's, not very good news that the retail numbers came in, you called them lackluster. and that's probably putting it charitiably. this was the worst year since 2008. it is actually, surprising, jamie, because if you look at some other indicators, consumer confidence had actually bumped up a little bit in the last couple months. we have, i wouldn't read too much into this because other indicators of the economy are looking up right now. jamie: so do you think it's an anomaly that it isn't going up? is it an indication if we go over the fiscal clif
joining me now, senior economics writer or for "the wall street journal" steve moore. steve, thanks for making it in today. >> hi, jamie. we're having a white christmas in chicago. so it is a lot of fun. jamie: i know chicago, burr. the numbers are also pretty chilling for retailers who do what percentage of their business during the holiday season? >> you know, those months of november and december are absolutely crucial, jamie, for the retailers. about 40 to all their...
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nbc's steve handelsman has the latest details from capitol hill. steve? good morning and happy new year to you. >> reporter: bill, thanks, good morning on capitol hill. members of both political parties who badly want these middle class taxes rolled back fast hope what the senate did this morning makes it easier for house republicans to follow suit. it was a rare bipartisan vote, 89-8. two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell who spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000. president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind that just last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter
nbc's steve handelsman has the latest details from capitol hill. steve? good morning and happy new year to you. >> reporter: bill, thanks, good morning on capitol hill. members of both political parties who badly want these middle class taxes rolled back fast hope what the senate did this morning makes it easier for house republicans to follow suit. it was a rare bipartisan vote, 89-8. two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the...
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from capitol hill, steve handelsman, nbc news. bill, back to you. >> reaction to the senate's move was swift as many people were still up welcoming the new year. familiar faces on msnbc were in rare form starting with joe scarborough who tweeted, why can't washington ever put together a deal that cults spent? this deal fails on most counts. it's a distressing failure of leadership. "morning joe" regular steve ratner tweeted, the only thing worse than this deal would have been no deal, or maybe not, he added. ezra kline wrote, obama isn't making it easier for res to vote for this deal but probably thinks if the rs kill it they get all the fiscal cliff blame. >>> now deals on secretary of state hillary clinton and the blood clot that has her hospitalized. the clot is located in a vein in the space between her brain and skull near her right ear. it did not cause a stroke or neurological damage. doctors say clinton should make a full recovery and she is making excellent progress. the blood clot is related to the concussion clinton suf
from capitol hill, steve handelsman, nbc news. bill, back to you. >> reaction to the senate's move was swift as many people were still up welcoming the new year. familiar faces on msnbc were in rare form starting with joe scarborough who tweeted, why can't washington ever put together a deal that cults spent? this deal fails on most counts. it's a distressing failure of leadership. "morning joe" regular steve ratner tweeted, the only thing worse than this deal would have been no...
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Dec 30, 2012
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it is ironic that i'm getting the steve schneider war. we could not have been more opposite. -- award. we cannot have been more opposite. he had the gift of gab. he is so particulate as it didn't -- as a student. and, as i say, we couldn't have been more opposite. he -- as i was this tactiturn midwest scientist who wanted to do the numbers and do my science and not talk about it, but he would come to my door, he would be in the door of my office and talking to me and, eventually, i would turn around and be working on my desk and he -- somehow, he couldn't take the hint. [laughter] but when anniek who was then my girlfriend, would visit me, then she would see that, well, i really didn't want to talk to steve. so she would talk to him, and that was good, let me try to work. but if you try to work, you know, like when the television is on, and you're trying to do work, it's very hard. but, anyway, we actually -- despite this, we became friends and anniek and i went mountain climbing with him in the small mountains around new york. but -- >>
it is ironic that i'm getting the steve schneider war. we could not have been more opposite. -- award. we cannot have been more opposite. he had the gift of gab. he is so particulate as it didn't -- as a student. and, as i say, we couldn't have been more opposite. he -- as i was this tactiturn midwest scientist who wanted to do the numbers and do my science and not talk about it, but he would come to my door, he would be in the door of my office and talking to me and, eventually, i would turn...
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time magazine's rana joins us and steve kornacki. it seems to me if you listen to newt gingrich, who has become a commentator every time he's not running for something, you get the sense that you don't want to run against hillary clinton because she's grabbed the scepter. she's quite hawkish on issues like iraq and the middle east generally. i think she's very hawkish xa d compared to most democrats. where is the wiggle room to go against her? >> i completely agree. i think she's done an incredibly great job. she's been incredibly deft at are he positioning the u.s. in a mul multipolar world where we have relatively less economic power. she's managed through digital state craft, through smafert uses of technology to project a soft power and it's been a great credit to our country and i think it's going to be a real tough thing to put in a bad light. >> you know, and, steve, i don't know about your politics on this, i think i'm a little to her left on a lot of thers foreign policy issues like iraq and the middle east. she's positioned
time magazine's rana joins us and steve kornacki. it seems to me if you listen to newt gingrich, who has become a commentator every time he's not running for something, you get the sense that you don't want to run against hillary clinton because she's grabbed the scepter. she's quite hawkish on issues like iraq and the middle east generally. i think she's very hawkish xa d compared to most democrats. where is the wiggle room to go against her? >> i completely agree. i think she's done an...
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. >> reporter: steve is a pharmacist here and a rice farmer. >> people are nervous. >> very nervous. >> what are they saying when they're coming in? what are you hearing? >> what do we do? they don't know what to do. it's so uncertain right now that the banks don't know what to do, the farmers don't know what to do. they're out there plowing the land, getting it all prepared for next year with total uncertainty. >> reporter: at stake? $154 billion in federal farm aid and crop insurance sidelined by the fiscal cliff stalemate. benefits from the farm bill also guarantee rice farmer l.g. ron that his costs are covered when crops are bad or demand drops. >> so you would be out of it if there was no subsidy? >> i will be looking for another job. absolutely. >> because you just can't make enough money to make a go of it? >> those risks are too great. i could lose it all. if the market -- if i plant rice and the market price is $12 and the next four months it goes down to $6, i lost $1 million in that time period. i can't sustain that. i'm broke in one year. >> reporter: the paramilitary bi
. >> reporter: steve is a pharmacist here and a rice farmer. >> people are nervous. >> very nervous. >> what are they saying when they're coming in? what are you hearing? >> what do we do? they don't know what to do. it's so uncertain right now that the banks don't know what to do, the farmers don't know what to do. they're out there plowing the land, getting it all prepared for next year with total uncertainty. >> reporter: at stake? $154 billion in federal...
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lori: ramesh, and steve, thanks you both chiming in. appreciate your take on these topics of the day. >> thanks. lori: reality is sinking in with just five days to go before we go over the cliff or maybe we won't. how are americans feeling? the latest poll numbers and gerri willis next. tracy: people are waking up finally. we'll tell you which industry stand to add and stand to lose the most jobs in 2013. let's take a look at some of today's winners and losers as we head out to break. the dow down 25 points. jcpenney is your s&p 500 winner, up 3 1/2%. we'll be right back. >> all that rough weather on the eastern sea board. >> just on its way to new york. snowing a little. it's seasonal. typical winter. it's officially here; right? >> yeah, i'm all about the beach and whatever. >> i know. >> bikinis and forget the snow boots. >> my kids went skiing yesterday and had a blast. to each its own. the dow's off 29 points. we are on the floor. >> i love the beach. i switch from skiing to snowboarding because hi kids said i was not cool on the s
lori: ramesh, and steve, thanks you both chiming in. appreciate your take on these topics of the day. >> thanks. lori: reality is sinking in with just five days to go before we go over the cliff or maybe we won't. how are americans feeling? the latest poll numbers and gerri willis next. tracy: people are waking up finally. we'll tell you which industry stand to add and stand to lose the most jobs in 2013. let's take a look at some of today's winners and losers as we head out to break. the...
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Dec 30, 2012
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>> one thing that steve schneider always emphasized to students is that if is worth thinking about the matter for which apply to climate change. coral harbour is one which is an urgent one. but certainly apartheid or civil-rights movement were things that are every bit as urgent where the time skills are much longer and the accuracy takes on how you talk to people. >> i think we can learn a lot from the past. look at the issue of slavery. we were the bad guys than also .ppeare it was the foundation of the economy. people were making the same argument at them. it was not so bad. it would destroy the economy if we got rid of it. i think people have a lot to learn. there are many examples we can build on from the past year -- in the past. admitting that we have a problem is the first step. >> slavery -- abolishing slavery did not room economy. >> right. >> nobody objects to a medical researcher over what we need to do to save lives. that when a clear researcher says what we have to do to save lives, people get upset. >> one of the things that i tried to stress in my book is a theme that i
>> one thing that steve schneider always emphasized to students is that if is worth thinking about the matter for which apply to climate change. coral harbour is one which is an urgent one. but certainly apartheid or civil-rights movement were things that are every bit as urgent where the time skills are much longer and the accuracy takes on how you talk to people. >> i think we can learn a lot from the past. look at the issue of slavery. we were the bad guys than also .ppeare it...
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Dec 26, 2012
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on the phone with us now is mobile fire rescue department public information officer, steve huffman. mr. huffman, thank you for joining us. one of the churches, trinity episcopal suffered a lot of damage. part of the roof is gone, front part of the parish is gone. and they went through a $1 million renovation. thank goodness it didn't happen when the church was packed. as daylight breaks what is the biggest challenge in terms of cleanup? >> we had public works crews working throughout the night and alabama power crews working to restore power in those affected areas. these guys -- i mean, unfortunately, this was not anything new to us. now, tornadoes are, but we're used to hurricanes, so we deal with power outages and things like that in emergencies such as this. our guys are well trained to respond to the types of incidents? >> how rare is it to have these tornadoes at this time of the year and nobody hurt, so you must have had pretty good warnings out there? >> we have been told a couple of days ahead of time to expect some severe weather to include tornadoes, and i think everybody
on the phone with us now is mobile fire rescue department public information officer, steve huffman. mr. huffman, thank you for joining us. one of the churches, trinity episcopal suffered a lot of damage. part of the roof is gone, front part of the parish is gone. and they went through a $1 million renovation. thank goodness it didn't happen when the church was packed. as daylight breaks what is the biggest challenge in terms of cleanup? >> we had public works crews working throughout the...
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this book. >> how did you meet steve forbes? >> i met him many years ago at an event that i did when i was at the university of southern california. and one thing led to another. i moved to new york, back to new york. i should i'm from new york and started working of course. so elizabeth ames, your practical express prior to working at forbes, how do you inject that into a capitalism will say the? >> basically i've learned a lot since forbes. when i was at forbes i learned a lot about markets. and again i was a journalist. i began as a journalist and i worked at business week many years ago as a journalist, but when i started to work as an entrepreneur, i learned about the fact that you really need to have economic freedom is to create jobs. and it's something i learned personally. and if you're just getting a paycheck you really don't understand how government can affect a small business and job creation. i experienced that firsthand. so that was one of the things that led me to think that this would be a useful idea for a book
this book. >> how did you meet steve forbes? >> i met him many years ago at an event that i did when i was at the university of southern california. and one thing led to another. i moved to new york, back to new york. i should i'm from new york and started working of course. so elizabeth ames, your practical express prior to working at forbes, how do you inject that into a capitalism will say the? >> basically i've learned a lot since forbes. when i was at forbes i learned a...
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Dec 24, 2012
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steve at this point what are the chances that a grand bargain can still be struck? >> it is possible it is getting less likely. there isn't a lot of time left. house speaker john boehner will be back but for now he's throwing the ball in the democrat's court. some republicans are saying the president isn't trying to avoid the fiscal cliff. >> when i listen to the president i think he's eager to go over for a political purposes. he gets all of this additional tax revenue for programs he gets to cut the military canwhich democrats have been calling for for years. he gets to blame republicans for it. >> independent senator joe leiber than is saying it is appearing more likely the deadline will pass with no action. harris? >> how soon can we expect negotiations to get back underway? >> wednesday at the earliest possibly friday. one of his democratic allies today that position should come as no surprise to any one. >> i know it's hard for the republicans. 2.50 no tax increases for people below but taxes for people above. 60 percent of the voters will be there for the exi
steve at this point what are the chances that a grand bargain can still be struck? >> it is possible it is getting less likely. there isn't a lot of time left. house speaker john boehner will be back but for now he's throwing the ball in the democrat's court. some republicans are saying the president isn't trying to avoid the fiscal cliff. >> when i listen to the president i think he's eager to go over for a political purposes. he gets all of this additional tax revenue for programs...
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Dec 25, 2012
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. >> if you put a name to it, you mean steve jobs did something wrong or famous davs became a millionaire making cookies? no, it is the oil companies or the finance company, it is a amorphous entity that's easy to travel light as an enemy. instinctively it feels right, but it is completely worthless, does not. john: instinctively it feels wrong for thousands of years there were laws against usury, loaning money at some interest rate somebody decides is too high. and yet our economy is built on loans. >> this is another one of those tribal instincts that somehow is taking something away from me. because in our ancestral environment and up to the industrial revolution most people did not fairly make money. there was some kind of cheating going on, it was not a zero-sum game. only recently did it become a win-win. not only helps me, but it helps you and everybody, very counterintuitive sold and resold repeated over and over because it doesn't feel right. john: most everybody had no doubt about the answer to this. >> who helps the poor more, charity or business? >> charity. >> charity. john:
. >> if you put a name to it, you mean steve jobs did something wrong or famous davs became a millionaire making cookies? no, it is the oil companies or the finance company, it is a amorphous entity that's easy to travel light as an enemy. instinctively it feels right, but it is completely worthless, does not. john: instinctively it feels wrong for thousands of years there were laws against usury, loaning money at some interest rate somebody decides is too high. and yet our economy is...
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Dec 26, 2012
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gregg: but, steve, bill kristol, conservative, you know what, time to throw in the towel. you do not want to get blamed for raising taxes on 98% of americans. >> right. gregg: right? >> look, bill kristol is my boss and editor at "the weekly standard" and one of most handsome and well-regarded editors in the country as everybody knows. look, i think he was making what was, in effect a practical case. there are people who are making this case behind the scenes. you have seen, he said, get it over with. move beyond this. there are others saying absolutely not. republicans can't cave on the principle of raising tacks. i think interesting thing in what happened last week that you have seen a turn, and it is first time i've seen a sliver of potential good news for the republicans and that is this. the president is now going to have to work with senate democrats and craft a proposal, some kind of short-term deal that deals mostly with the tax side of things that won't require too much republican buy-in. so if republicans want contrast, i think is a good thing for republicans to
gregg: but, steve, bill kristol, conservative, you know what, time to throw in the towel. you do not want to get blamed for raising taxes on 98% of americans. >> right. gregg: right? >> look, bill kristol is my boss and editor at "the weekly standard" and one of most handsome and well-regarded editors in the country as everybody knows. look, i think he was making what was, in effect a practical case. there are people who are making this case behind the scenes. you have...
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Dec 24, 2012
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so steve is live for us in washington with the very latest. all right, good morning to you, steve. >> good morning, gretchen. yeah, the house as you know, tried and failed to pass some kind of a compromise on that fiscal cliff. now the spotlight falls on the u.s. senate. some kind of deal could have a better chance there because the senate is not as bitterly divided as the house. success depends partly on whether mitch mcconnell decides to filibuster any legislation. there is senate republicans who are willing to compromise in order to avoid the fiscal cliff. including kay bailey hutchison of texas and johnny isakson of georgia. >> time is running out. and the truth of the matter is, if we do fall off the cliff after the president's maturitied, he'll come back, propose just what he proposed yesterday in leaving washington and we'll end up adopting it. why should we put the markets mn such turmoil and the people in misunderstanding or lack of confidence? why don't we go ahead and act now? >> the president is insisting tacks go up for the wealth
so steve is live for us in washington with the very latest. all right, good morning to you, steve. >> good morning, gretchen. yeah, the house as you know, tried and failed to pass some kind of a compromise on that fiscal cliff. now the spotlight falls on the u.s. senate. some kind of deal could have a better chance there because the senate is not as bitterly divided as the house. success depends partly on whether mitch mcconnell decides to filibuster any legislation. there is senate...
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Dec 28, 2012
12/12
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i'm steve >> we welcome our viewers. our top story president obama has invited the four congressional leaders to the white house this afternoon to try to salvage negotiations before need the new year's day deadline. if an agreement is not reached by then tax hikes and spending will kick in. economists say it could send the country back into recession. republicans and democrats are blaming each other for the stalemate. the democrats want to extend the bush era tax cuts for those thinking less than $250,000. >> to taxes will go up for every taxpaying american. republicans are not about to write a blank check to us because we find ourselves at the edge of the cliff. >> consistently show that a majority of americans support the president's position on tax es. >> did the shooting as the chicago at 500 homicides for the year. >> so far no comment yet. chicago police have been working hard to prevent it. the 500 happened last night. the shooting death on the west side. 40 year-old nathaniel jackson was pronounced dead just afte
i'm steve >> we welcome our viewers. our top story president obama has invited the four congressional leaders to the white house this afternoon to try to salvage negotiations before need the new year's day deadline. if an agreement is not reached by then tax hikes and spending will kick in. economists say it could send the country back into recession. republicans and democrats are blaming each other for the stalemate. the democrats want to extend the bush era tax cuts for those thinking...
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Dec 28, 2012
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so i think she can ride that. >> steve, do you think she could get up to 70% or 65% or 70%? right now the democrats get 55% to start with. could she do something historically that blows the other party out of the game because of her dominance of female voters? >> yeah, i'm not sure in a general election you could do that, but i think the difference is this. if you look at the two reasons why she lost the democratic primaries to obama in 2008, one was the iraq war, that foreign policy. and the idea that democrats thought maybe she's too polarizing. obama is the uniter, clinton is the wars of the 1990s all over again, too many people don't like her. i think the best thing republicans have done for hillary clinton in the last four years is they have taken that argument away. no democrat can come along in 2016 and use that argument against her now, that she's a uniquely polarizing figure. she's as polarizing as anybody else. >> here is my view, get a whole new team around you. the team you ran with last time was a disaster. get people who want to enlarge your coalition. they sho
so i think she can ride that. >> steve, do you think she could get up to 70% or 65% or 70%? right now the democrats get 55% to start with. could she do something historically that blows the other party out of the game because of her dominance of female voters? >> yeah, i'm not sure in a general election you could do that, but i think the difference is this. if you look at the two reasons why she lost the democratic primaries to obama in 2008, one was the iraq war, that foreign...
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Dec 30, 2012
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i would just like to talk to stan a little bit about the fact that steve said something about the one republican senator that likes to filibuster and blah blah blah. what about harry reid pocket vetoing everything that comes from the house if he doesn't like it? how is that -- that's not even written into the constitution but the filibuster is but harry reid can decide i'm not going to take this up but they can't filibuster? host: we'll get the response. guest: no that's not in the constitution. it is a prerogative that the senate has taken on its own as it created its own rules. but it is not constitutional. and just to correct you with one other thing. it's not a pocket veto but that's something only the president can do. but you're right in the sense that the majority is the one that determines what the agenda is going to be, what legislation comes to the house. it's not different in the senate than it is in the house of representatives. where john boehner the house rules committee decides what will come to the floor and when. it is -- you've just saw it as a matter of fact in the
i would just like to talk to stan a little bit about the fact that steve said something about the one republican senator that likes to filibuster and blah blah blah. what about harry reid pocket vetoing everything that comes from the house if he doesn't like it? how is that -- that's not even written into the constitution but the filibuster is but harry reid can decide i'm not going to take this up but they can't filibuster? host: we'll get the response. guest: no that's not in the...
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Dec 29, 2012
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my name is steve. my family's lived in this neighborhood for years. recently, things got so tight we had to go to our local food bank for help. i lost a lot of sleep worrying about what the neighbors might think. that is, until i saw them there, too. how'd i do, steve? a little stiff. you could have done a little better. what? come on. you know, i have an academy award. yeah, but not for playing me. announcer: play a role in ending hunger. visit feedingamerica.org/hunger and find your local food bank. adam: i'm adam shapiro in for melissa francis. here's what's "money" tonight. president obama and congressional leaders try to pull off a fiscal cliff hail mary. their last-ditch meeting at the white house desperately tries to land a deal but the report he hadly not putting any new offer on the table. we have the very latest for you. >>> not even the fiscal cliff can slow down the u.s. oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. who stand to reap the biggest gains? we'll drill down details so you
my name is steve. my family's lived in this neighborhood for years. recently, things got so tight we had to go to our local food bank for help. i lost a lot of sleep worrying about what the neighbors might think. that is, until i saw them there, too. how'd i do, steve? a little stiff. you could have done a little better. what? come on. you know, i have an academy award. yeah, but not for playing me. announcer: play a role in ending hunger. visit feedingamerica.org/hunger and find your local...
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the final result in egypt steve eisen constitution referendum is expected on choose day but the country's opposition says it will keep fighting against the islamist drafted documents opponents of the muslim brotherhood accuse the ruling group and president morsi of massive vote rigging after early results showed the yes vote securing over sixty percent ask me how are you from the eldest to a party told me of some of the many alleged irregularities. this constitution and the shuffle around is is a disgrace to a nation that far hard for its freedom and for its right it's a document that strips out all the all the rights that we've earned and try to constitute a dictatorship and it has been taught by a referendum that was a massive massive rigging for the ballot boxes massive rigging for the voice of the people physically seen cans and and hundreds of schools tens and hundreds of schools where the ballot boxes and the referendum process was taking place at a convenient time when when the voices were very all the full saw that the people were voting no the power was cut off the most the broth
the final result in egypt steve eisen constitution referendum is expected on choose day but the country's opposition says it will keep fighting against the islamist drafted documents opponents of the muslim brotherhood accuse the ruling group and president morsi of massive vote rigging after early results showed the yes vote securing over sixty percent ask me how are you from the eldest to a party told me of some of the many alleged irregularities. this constitution and the shuffle around is is...
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Dec 24, 2012
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hi, i'm rick steves, and it's christmas time in europe. from manger scenes to mistletoe, from norway to rome, we're celebrating all over the continent. buon natale! froehliche weihnachten! joyeux noel!
hi, i'm rick steves, and it's christmas time in europe. from manger scenes to mistletoe, from norway to rome, we're celebrating all over the continent. buon natale! froehliche weihnachten! joyeux noel!
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Dec 28, 2012
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patti ann: steve moore, "wall street journal." thank you. gregg: this lawmakers do not reach a deal with regard to the fiscal cliff cuts will go into the defense department. >> reporter: the whole package of spending cuts is $1.2 trillion, half to the defense department. the army, navy, air force marines would take equal cuts according to one analyst who says the impact on the military overall will be, quote, very serious. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion cut that is being applied right now as we speak. to take another cut on top of that is devastating. >> reporter: it's not just the military itself that will take a hit, also the defense industry, defense contractors, private companies that do work for the pentagon. one democratic congressman in northern virginia whose district maybe hit the hardest by all of this says it could mean layoffs. >> the large defense contractors will probably be okay, they have significant cash reserves, most of them. the smaller c
patti ann: steve moore, "wall street journal." thank you. gregg: this lawmakers do not reach a deal with regard to the fiscal cliff cuts will go into the defense department. >> reporter: the whole package of spending cuts is $1.2 trillion, half to the defense department. the army, navy, air force marines would take equal cuts according to one analyst who says the impact on the military overall will be, quote, very serious. >> the pentagon and the departments are already in...
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Dec 24, 2012
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thank you, steve. gregg? gregg: as steve mentioned jon hammar's mother made a tireless effort in recent weeks to draw attention to the case. here are more of her remarks from yesterday. >> it was like my first night that slept all night loaning without getting up and it was just, the thought of not wondering what is going on with him. can anyone hurt him tonight you know, those kind of thoughts. he is eating. he is able to have a meal. it is, i honestly can't totally process it i think until he's here. gregg: republican congresswoman ileana ros-lehtinen of florida worked with the hammars to win jon's release. she is chairman of the house foreign affairs committee. always great talking to you. thanks so much. >> thank you. gregg: jon hammar's parents says the state department was really not lifting a finger to help. in fact they were very discouraging about it. then the white house when asked just a few days ago seemed utterly owe live just didn't know anything about it and clearly wasn't do anything. you woul
thank you, steve. gregg? gregg: as steve mentioned jon hammar's mother made a tireless effort in recent weeks to draw attention to the case. here are more of her remarks from yesterday. >> it was like my first night that slept all night loaning without getting up and it was just, the thought of not wondering what is going on with him. can anyone hurt him tonight you know, those kind of thoughts. he is eating. he is able to have a meal. it is, i honestly can't totally process it i think...
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Dec 26, 2012
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steve perry, host of "save my son." steve, good to have you here and hearing about what's gone in virginia and the possibility of teachers might be given permission to carry a gun in to the classroom. much of this debate has been fueled by the fact that the ceo of the nra said it's only going to take a good guy with a gun to stop a bad guy with a gun. are you worried about where this conversation is doing and that's the slippery slope, talking about stopping guns? >> absolutely. what we have done is allowed hysteria to step in and get us afraid of what was otherwise a safe setting. the american public schools are safe. approximately 70 million children went to school last friday and came home. their schools are not unsafe. in fact, whether it be virginia or new jersey, in my school in hartford, we have ten different points of entry or exit as they're designed to carry the load of 700 children. you would have to post an armed guard at every single door and even if you did, if they came in with an assault rifle, with 30 r
steve perry, host of "save my son." steve, good to have you here and hearing about what's gone in virginia and the possibility of teachers might be given permission to carry a gun in to the classroom. much of this debate has been fueled by the fact that the ceo of the nra said it's only going to take a good guy with a gun to stop a bad guy with a gun. are you worried about where this conversation is doing and that's the slippery slope, talking about stopping guns? >> absolutely....
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Dec 26, 2012
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this move to michelle ng obama's father's side of the family, michelle obama's and and this is steve johnson, the first lady's great-grandmother who traveled to four cities, she was a sharecropper's daughter born in 1879 and somewhere along the way she decided she did not want anything to do with the farming life and she was one of the first of michele obama's and sisters to set site on chicago in 1908. this is her husband who was a minister who also lived in chicago. this is the first lady's great great grandmother, and she arrived in illinois some time in the 1860s. the first lady describes herself as a south side girl but the family had no idea their roots in illinois go that far back. if you look at mary, you will understand why the family story says she was part cherokee. she obviously has a mixed lineage but i was never able to establish for sure whether that was true. this is the first lady's grandfather, a mislabeled slide, who left south carolina and arrive in chicago around 1931. this is millvinia, the owner of millvinia's brother. this is a photo, this is an amazing coat,
this move to michelle ng obama's father's side of the family, michelle obama's and and this is steve johnson, the first lady's great-grandmother who traveled to four cities, she was a sharecropper's daughter born in 1879 and somewhere along the way she decided she did not want anything to do with the farming life and she was one of the first of michele obama's and sisters to set site on chicago in 1908. this is her husband who was a minister who also lived in chicago. this is the first lady's...
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Dec 27, 2012
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up next is steve forbes. after that we will be talking with matt bennett about gun background checks and gun sales in the u.s. mr. forbes coming from our studio in new york in just a few minutes after "washington journal" continues. [video clip] >> that they really started to get worried in the summer and fall of 1774. the british admirals and generals and diplomats were reporting to the crown that the colonists were sending ships everywhere to try to get ammunition and muskets and cannon. this was after the british had sent more troops to boston after the boston tea party and the so-called coercive acts, and it's clear that the colonists were pulling together ammunition and cannon. maybe they didn't intend to use it. that was a big debate. the king on october 1774 basically prohibited british ships from taking ammunition and everything to the colonies unless it was officially sanctioned. they were very alert to this. as soon as the colonies found out about the order prohibiting ammunition and munitions from
up next is steve forbes. after that we will be talking with matt bennett about gun background checks and gun sales in the u.s. mr. forbes coming from our studio in new york in just a few minutes after "washington journal" continues. [video clip] >> that they really started to get worried in the summer and fall of 1774. the british admirals and generals and diplomats were reporting to the crown that the colonists were sending ships everywhere to try to get ammunition and muskets...
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Dec 26, 2012
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steve, welcome to the show. >> thanks so much for having me. melissa: i understand that this is a parody and it is meant to start the discussion and that's why we're having you on tonight and i'm going to rise right to the bait and tell you as a mom of small kids and someone who follows industry closely i'm totally offended how disingenuous the words in your ad are. let's start with some of them. you say congress gives the fossil fuel industries, 10 dal billion your subsidies? no they're not. they're exxon hard-earned profit. not giving them to the government to feed the beast that keeps spending and spending our money. instead they're allowed to hang onto a small portion of their profits. >> that is actually not really accurate. there have been numbers of studies, most recently from the organisation for economic co-operation and development but also last year we saw a bill proposed in congress from senator sanders and representative elliso, all of which identify over $10 billion annually that are going to the fossil fuel industry in subsidies.
steve, welcome to the show. >> thanks so much for having me. melissa: i understand that this is a parody and it is meant to start the discussion and that's why we're having you on tonight and i'm going to rise right to the bait and tell you as a mom of small kids and someone who follows industry closely i'm totally offended how disingenuous the words in your ad are. let's start with some of them. you say congress gives the fossil fuel industries, 10 dal billion your subsidies? no they're...
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Dec 24, 2012
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steve, at this point what are the chances that a grand bargain can still be struck? >> well, harris, it's possible, but getting less likely because it just really isn't a lot of time left. house speaker john boehner will be back next year and for now, he's thrown the ball into the democrats court and some republicans are saying the president isn't really trying to avoid that fiscal cliff. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all of this additional tax revenue for new programs and gets to cut the military which democrats have been calling for for years and he gets to blame the republicans for it. >> and independent senator lieberman saying it's likely that it will pass with no action, harris. >> harris: how soon can we expect negotiations to get back underway. >> not until after christmas. and wednesday, most likely on thursday. president obama on vacation in hawaii until after christmas has insisted taxes on the wealthy be
steve, at this point what are the chances that a grand bargain can still be struck? >> well, harris, it's possible, but getting less likely because it just really isn't a lot of time left. house speaker john boehner will be back next year and for now, he's thrown the ball into the democrats court and some republicans are saying the president isn't really trying to avoid that fiscal cliff. >> when i listen to the president, i think the president is eager to go over the cliff for...
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steve harrigan. jaime: here is an update on a story we haven't talked about in a while, the new lake yan government is announcing plans to open all of the files on the 1988 bombing of pan am flight 103 over lockerbie, scotland. libyan officials say it will be at least a year before any of the information is released. the move comes on the 24th anniversary of the trapbl dewhich killed 270 people on board and on the ground. i am joined by a man whose daughter was 30 years old when she boarded that flight back on december 21st, 1988 and the bomb took her life. stan, thank you so much for joining us. >> thank you and merry christmas to you. jaime: merry christmas to you. i'm sorry that it's without your daughter, what a tragedy. en you hear this news does it help in anyway to know that you may be able to look at these documents? >> let me correct the information that you received. i had made a few inquires yesterday, prior to knowing that i'd be coming on the show today. they are false. the libyan ambass
steve harrigan. jaime: here is an update on a story we haven't talked about in a while, the new lake yan government is announcing plans to open all of the files on the 1988 bombing of pan am flight 103 over lockerbie, scotland. libyan officials say it will be at least a year before any of the information is released. the move comes on the 24th anniversary of the trapbl dewhich killed 270 people on board and on the ground. i am joined by a man whose daughter was 30 years old when she boarded...
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>> jamie: thanks so much, steve. dui's, bringing break ups and a royal prince losing his pants. the entemperature takenment world all types of news. take a live look back. manhattan all decked out for the holidays. great to have you here ♪ i want a hippopotamus for christmas ♪ only a hippopotamus will due ♪ don't wanna a doll ♪ no dinky tinker toy and a technology suite with bluetooth, navigation and other handy stuff? yeahthat would be cool. introducing the all-new nissan sentra. it's our most innovative sentra ever. nissan. innovation that excites. now get a $169-per-month lease on a 2013 nissan sentra. ♪ we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur >> jamie: from breakups to baby news hollywood had easy time making headlines all year long. adam housley with a look at some of 2012 most talked about moments in entertainment. >> t
>> jamie: thanks so much, steve. dui's, bringing break ups and a royal prince losing his pants. the entemperature takenment world all types of news. take a live look back. manhattan all decked out for the holidays. great to have you here ♪ i want a hippopotamus for christmas ♪ only a hippopotamus will due ♪ don't wanna a doll ♪ no dinky tinker toy and a technology suite with bluetooth, navigation and other handy stuff? yeahthat would be cool. introducing the all-new nissan sentra....
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Jan 1, 2013
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rick: you and i talk for years, steve about small businesses and the impact these bills have on folks who employ, the most americans in this country, small business owners. based on your reading of this bill, what's the impact on them? >> it is lousy. i'm glad you brought this point up. we've been having the debate whose taxes should be going up and so on. let's not forget the overall impact of this bill is very negative for the economy. means higher capital-gains taxes higher dividend taxes. higher taxes on small businesses the some of my liberal friends would say, that is only people that make over $450,000. rick, as you know, two out of three of those people in the high income category are small business owners. the overall impact is anti-business and anti-growth. the by the way only way we get the deficit down is get the economy growing again. i think congress and the white house lost sight of that. rick: for conservatives in the house of representatives sitting reading this bill right now and trying to figure out what they're going to do, as a conservative economist what would yo
rick: you and i talk for years, steve about small businesses and the impact these bills have on folks who employ, the most americans in this country, small business owners. based on your reading of this bill, what's the impact on them? >> it is lousy. i'm glad you brought this point up. we've been having the debate whose taxes should be going up and so on. let's not forget the overall impact of this bill is very negative for the economy. means higher capital-gains taxes higher dividend...
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Dec 31, 2012
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steve, great to see you. the deal being bandied about right now to raise taxes on higher earners actually doesn't appear to do anything to fix the problem, that is, all the new revenue from higher taxes would be used for more spending. as we understand about 850 billion in new revenue would be spent on eliminating the fiscal cliff automatic spending cuts and extending unemployment checks. is it true not a dial would go to cutting the real problem, the debt and deficit? >> yeah. in one scenario that is absolutely the case. we shouldn't actually be surprised. it has been clear at least for a short amount of time that this hasn't been the goal of these discussions. i mean for all the talk about deficit reduction and despite the fact that this began as an effort to rein in spending after the 2010 elections, it is clear democrats in the house and senate, i would argue the president, haven't been serious about long-term spending cuts. gregg: maybe they're not serious, you know, they see a political benefit to liter
steve, great to see you. the deal being bandied about right now to raise taxes on higher earners actually doesn't appear to do anything to fix the problem, that is, all the new revenue from higher taxes would be used for more spending. as we understand about 850 billion in new revenue would be spent on eliminating the fiscal cliff automatic spending cuts and extending unemployment checks. is it true not a dial would go to cutting the real problem, the debt and deficit? >> yeah. in one...
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Dec 25, 2012
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released the name of the man who was stabbed to death at a graduation party friday night. 30-year-old steve bangalan died after being stabbed at a party being held in the office of an insurance agency owned by his cousin -- on oakland road. his death it is the 45th homicide this year in san jose. there are no suspects in custody. >> volunteer firefighters were ambushed today in upstate new york. grant lodes is here with details on the horrifying scene that played out this >> christmas eve, no less a convicted felon morning. a convicted felon is being blamed for these cold blodded killings. volunteer firefighters.responding to a fire scene near rochester new york were shot. tonight two firefighters are dead.two others.hospitalized in serious condition.but expected to survive. how firefighters were not allowed to even battle the that's because the fire scene quickly turned into a crime saying. >> multiple shots fired multiple philip fire shots -- multiple-fire firefighters- touchdown. scene. right as the volunteer firefightrs were arriving on scene.police say 62-year-old william spangler was
released the name of the man who was stabbed to death at a graduation party friday night. 30-year-old steve bangalan died after being stabbed at a party being held in the office of an insurance agency owned by his cousin -- on oakland road. his death it is the 45th homicide this year in san jose. there are no suspects in custody. >> volunteer firefighters were ambushed today in upstate new york. grant lodes is here with details on the horrifying scene that played out this >>...
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Dec 26, 2012
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. >> reporter: steve is a pharmacist here and a rice farmer. the people are nervous. >> very nervous. wh reporter: what are they saying when they're coming in? what are you hearing? >> "what do we do?" you know, they don't know what to do. ht's so uncertain right now that the banks don't know what to do. the farmers don't know what it do. they're out there plowing the land, getting it all prepared for next year, with total cecertainty. >> reporter: at stake, $154 billion in federal farm aid and isop insurance, sidelined by the fiscal cliff stalemate. benefits from the farm bill also guarantee rice farmer l.g. ronn that his costs are covered when crops are bad or demand drops. you'd be out of it if there was no subsidies? >> i will be looking for another job, absolutely. >> reporter: you just can't make enough money to make a go of it? >> those risks are too great. i could lose it all. if the market... if i plant rice and the market price is $12, and the next four months, it goes down to $6, i've lost a million dollars during that time period. i
. >> reporter: steve is a pharmacist here and a rice farmer. the people are nervous. >> very nervous. wh reporter: what are they saying when they're coming in? what are you hearing? >> "what do we do?" you know, they don't know what to do. ht's so uncertain right now that the banks don't know what to do. the farmers don't know what it do. they're out there plowing the land, getting it all prepared for next year, with total cecertainty. >> reporter: at stake,...
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Dec 26, 2012
12/12
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CSPAN
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eye 90
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host: let's hear from steve. you are on the democrat's lead. caller: i would like to say merry christmas to you and to all the united states of america. i am actually very pessimistic about a deal being struck. when you look at the republican party and their entire congress who comes out with a statement that this country does not have a revenue problem, it is just an outright lie. if you look at the facts, 32% of our manufacturing base has been gutted and sold to china, india, any foreign country that has cheap labor. the top patriotic american companies are parking their profits and offshore accounts so they do not have to pay a fair share of their taxes. the bottom line is since the late '70s, the wealthiest 2% in this country are making 25 times their wealth that they made a black -- back then. there are only paying 40% more in taxes. this country is doomed if we do not start putting terrace of the imports coming into this country. the republican party is selling you an outright lie. thank you. host: let's show you a facebook posting. the e
host: let's hear from steve. you are on the democrat's lead. caller: i would like to say merry christmas to you and to all the united states of america. i am actually very pessimistic about a deal being struck. when you look at the republican party and their entire congress who comes out with a statement that this country does not have a revenue problem, it is just an outright lie. if you look at the facts, 32% of our manufacturing base has been gutted and sold to china, india, any foreign...